GOLD → A s.triangle against the backdrop of a bullish trend... FX:XAUUSD is consolidating in anticipation of positive news from the Fed, namely a cut in interest rates. Against this backdrop, the dollar is falling, which only supports the price of gold...
Gold is trading in a sideways range around $3650 at the start of a week packed with central bank events. Despite the lack of a clear direction, the metal is finding support thanks to several factors.
Key drivers: Weak economic data from China, anticipation of the Fed's decision: On Wednesday, the Fed will almost certainly cut rates by 25 basis points, but there is a chance of 50 basis points. This supports gold.
The tone of Powell's comments will determine expectations for further cuts.
Technically, gold remains stable ahead of key events. China's weak economy and the Fed's dovish policy limit the potential for decline. A break above $3650 is possible with dovish signals from the Fed or an escalation of trade risks.
Resistance levels: 3646, 3657, 3675
Support levels: 3630, 3620, 3600
As part of the formation of a “symmetrical triangle” consolidation, I will consider a retest of the consolidation support with the possibility of further growth (distribution).
Sincerely, R. Linda!
Ab+cd
GOLD → Testing 3700. What to expect from the price going forwardFX:XAUUSD continues to rally. Ahead lies the psychological barrier of 3700, where the market may form profit-taking ahead of Tuesday and Wednesday's news...
Gold is testing 3700. The bullish trend remains unshakable thanks to a combination of macroeconomic and geopolitical factors.
Expectations of Fed policy easing: There is a high probability of a 25 bps rate cut (possibly even 50 bps) as early as this week. Trump's pressure on Powell reinforces these expectations.
Stagflation risks: Slowing growth amid steady inflation increases the appeal of gold as a hedge.
Risks: Profit-taking: After a sharp rise, a short-term correction is possible in the psychological target zone of 3700. Retail sales data (today): Weak data will support gold, while strong data may temporarily strengthen the dollar. Fed decision (tomorrow): Even if the rate is lowered, a “sell on the fact” reaction is possible.
Resistance levels: 3700, 3710
Support levels: 3685, 3675, 3657
Technically, since the opening of the session, gold has lost part of its daily ATR, and the upward movement may be zigzag-shaped, especially ahead of the news. I expect a correction from the market to 3685-3675 with the aim of rebounding upwards...
Best regards, R. Linda!
BITCOIN → Consolidation in anticipation of a bullish driver...BINANCE:BTCUSDT is testing the 117K area as part of an upward movement triggered by the end of the bearish correction. The price is moving into consolidation. Focus on the range boundaries...
The market is awaiting the Fed's interest rate meeting. A rate cut could support the growth of the flagship, but before that, the market may form a manipulation in the form of a long squeeze.
The market is forming consolidation after breaking the local correction against the backdrop of a global bullish trend. Focus on the boundaries of the range.
Technically, I would highlight the support of local consolidation and the previously broken trend boundary as two key details that can be used in further trading: 114600, 113300. Behind this zone lies a pool of liquidity, and before a possible rise, the price may try to absorb it... Technically, we are seeing confirmation of a bullish market structure; all that remains is to wait for the appearance of a bullish driver and the market's readiness for growth.
Support levels: 114600, 113300, 110700
Resistance levels: 11700, 117860
A false breakdown of support followed by a close above one of the specified zones could attract buyer interest, which in turn could trigger a price increase within the global bullish trend.
Best regards, R. Linda!
GBPJPY → Ascending triangle on an upward trend...FX:GBPJPY is attempting to break through the resistance of the ascending triangle consolidation pattern amid the strengthening of the pound sterling, driven by expectations of interest rate cuts...
The currency pair is breaking through consolidation resistance amid the growth of the pound sterling. The driver is the expectation of positive news...
An attempt to break through resistance is forming, with bulls forming a cascade of support and a local uptrend. If the price closes above 200.27, it will be able to move into a distribution phase.
Resistance levels: 200.27, 200.75
Support levels: 200.06, 199.65
Technically, the chart looks quite strong and aimed at continuing the uptrend. If the bulls can consolidate above the specified level of 200.0 - 200.27, then overall we will see a growth phase. Above the current levels, there is a free zone, and up to 208.0, there are practically no obstacles except for local levels that are not capable of reversing the trend...
Best regards, R. Linda!
HBARUSDT → Correction before the rally...After strong growth from the 0.14 zone, BINANCE:HBARUSDT HBAR updated its maximum to 0.30 and entered a correction phase, testing the intermediate and strong support level of 0.2300. A false breakdown has formed, and price consolidation above the key zone could trigger another rally.
HBAR currently has two key levels: 0.243 and 0.2337. The bulls are trying to keep the correction at the upper support level. However, there is a huge pool of liquidity hidden behind 0.2337, which could be tested (before growth resumes) if 0.243 fails to hold the price.
Locally, the coin is breaking the structure of the downward correction (consolidation in a bull market) and is trying to consolidate above support (in the zone of interest). The end of the current correction phase may lead to a resumption of distribution.
Support levels: 0.2432, 0.2337
Resistance levels: 0.2547, 0.26, 0.2763
The formation of a bullish structure relative to 0.2432 will confirm the presence of an interested, large buyer. This could trigger strong growth. Otherwise, I will wait for a retest of 0.2337, from where I will look for an opportunity to open long positions with the aim of medium-term growth.
Best regards, R. Linda!
ETHUSDT → Correction and hunt for liquidity ahead of growth BINANCE:ETHUSD is showing positive dynamics and breaking through the resistance conglomerate (consolidation boundary and downward correction line). The fundamental background is positive, and bulls are generally quite confident...
The cryptocurrency market, Bitcoin, and altcoins are awaiting a batch of positive news. Traders are waiting for interest rates to fall, which could attract additional capital to the cryptocurrency market, especially ETH.
The breakout of the correction resistance and consolidation resistance gives the market hope for growth. The global trend is bullish, and the fundamental background is positive. If the bulls hold their defense above 4488-4450, ETH may strengthen.
Resistance levels: 4661, 4783
Support levels: 4488, 4450
Technically, I expect a false breakdown of support (retest of the liquidity zone). If this maneuver ends with the price closing above 4488 and the formation of a confirming bullish pattern, then in this case, we can consider the continuation of growth.
Sincerely, R. Linda!
GOLD → Consolidation before continuing growth to 3700 FX:XAUUSD resumed its growth on Friday, approaching the $3,650 level, amid growing expectations of aggressive Fed rate cuts and geopolitical risks. The metal remains near record highs and is poised for a fourth consecutive week of gains.
Key drivers: Probability of a 25 bp rate cut on September 17 — 92%, chance of a 50 bp cut — 8%. Markets are expecting three cuts in 2024. US plans to impose new tariffs on India and China are supporting demand for safe havens.
Gold remains in a bullish trend. The weak US economy and geopolitics are pushing it to new highs, but profit-taking at current levels is possible.
There is no news today, so trading may be relatively calm.
Technically, if the price does not retest 3738 but begins to consolidate near 3657 and attempts a breakout, the chances of continued growth will increase.
Support levels: 3638, 3630
Resistance levels: 3649, 3657
I expect the market to reach the liquidity zone of 3638 before returning to retest the trigger. However, if MM deems this maneuver unnecessary and forms a trading range between 3657 and 3649, then closing above 3657 could lead to another bullish distribution.
Sincerely, R. Linda!
GOLD → Retest 3620 - 3600 (imbalance zones) on the uptrendFX:XAUUSD is consolidating ahead of important news. The market is currently testing support, but the bullish pattern remains intact despite the intraday correction.
Gold is trading near $3650 in anticipation of US inflation data (CPI), which will determine the further trend. So far, the metal is consolidating below a record high of $3675.
High CPI data: will strengthen the dollar and weaken gold (bets on Fed easing will decline).
Low data: will push gold to new highs (the likelihood of aggressive rate cuts will be confirmed).
At the moment, the probability of a rate cut on September 17 is 92% (25 bps), with an 8% chance of 50 bps.
Technically, the chart is forming a consolidation against the backdrop of a bullish trend, the market is testing support, and if the bulls hold their ground in the key zone, traders may return to buying.
Resistance levels: 3638, 3649, 3657
Support levels: 3620, 3607, 3600
There is a battle for the 3620 zone. Consolidation above this zone will confirm bullish strength; otherwise, we can expect a deeper correction to the 3607-3600 zone to retest the imbalance area before further growth.
Best regards, R. Linda!
NZDUSD → Correction before bull run to 0.600FX:NZDUSD , after breaking the downtrend, is forming a consolidation, the goal of which is the potential for continued growth...
The dollar is forming a small countertrend correction, to which the market is reacting, but overall sentiment on currencies is relatively bullish amid expectations of interest rate cuts...
NZDUSD is forming a trading range (consolidation) after breaking through the resistance of the downtrend. 0.5915 - 0.596. Before the growth, MM may form a liquidity capture at 0.5915 - 0.5f.
Support levels: 0.5915, 0.5884
Resistance levels: 0.5960, 0.5996
Interest rate cuts, especially aggressive ones, could trigger a fall in the dollar, which in turn would support forex currency baskets. Against this backdrop, NZDUSD could trigger medium-term growth from the specified support zone.
Best regards, R. Linda!
AVAXUSDT → Distribution of 8-month accumulationBINANCE:AVAXUSDT is testing the resistance of an 8-month consolidation. The market is showing positive signs that may indicate a possible rally...
Bitcoin looks positive. If the flagship can overcome the upcoming 113K mark, BTC's growth could support altcoins, including Avalanche.
AVAX has been consolidating for 8 months, and in the last few weeks, we have seen a directed movement towards strong resistance. Another retest led to a breakout, and if the bulls hold their defense above 25.9 - 26.5, a fairly active phase of realization towards 30.6 may begin.
Resistance levels: 26.550
Support levels: 25.97, 24.88
I do not rule out the possibility of a retest of the local support and liquidity zone, but a return to the zone of interest (above 25.97 - 26.55) and consolidation above the specified border could provoke a distribution towards 30.0 - 45.0.
Best regards, R. Linda!
GOLD → Consolidation before continued growth FX:XAUUSD is undergoing a correction amid revised unemployment data, but this has not disrupted the overall technical situation. The market is still anticipating an aggressive reduction in interest rates...
The price resumed its growth on Wednesday amid escalating geopolitical tensions and a weakening dollar ahead of the release of US inflation data (PPI). The price is correcting after a record high of $3675, but retains the potential for further growth.
The escalation of the situation in Eastern Europe and the Middle East is increasing demand for safe assets. Expectations of Fed policy easing and a revision of employment data are weighing on the USD.
PPI inflation data: Today's release may temporarily support the USD if the figures exceed forecasts, but the overall trend remains bearish for the dollar.
PPI data is ahead, which may cause short-term volatility, but the long-term bullish trend remains intact.
Support levels: 3640, 3628
Resistance levels: 3657, 3675
Technically, I expect to see a correction from local resistance to the 3645-3640 area, from which growth may continue. A breakout of 3657 could trigger a continuation of the momentum.
Best regards, R. Linda!
EURUSD → Breakthrough of consolidation resistance. Rally?FX:EURUSD ends correction with a breakout of consolidation resistance. The market is waiting for a positive driver in the form of economic news that could support the growth of the euro...
A breakout of the correction (consolidation) resistance has formed. However, the momentum is being replaced by a correction aimed at consolidating in the bullish plane, which could trigger continued growth in the medium term.
The dollar looks weak, and expectations of interest rate cuts are supporting the euro. If the bulls keep the price above 1.17 - 1.172 within the current correction, the price may start to rally to highs...
Support levels: 1.173, 1.1703
Resistance levels: 1.178, 1.183, 1.190
Before continuing to grow, liquidity may be captured relative to the previously broken consolidation resistance. A false breakdown of support at 1.173-1.170 could trigger a resumption of growth towards 1.190.
Best regards, R. Linda!
GOLD → As prices continue to rise, so do the risks...FX:XAUUSD continues to rise, setting new highs. New ATH 3659. Focus on current consolidation, as the structure remains bullish...
Gold hit a new record high, surpassing $3,650, amid a weakening dollar and growing expectations of aggressive Fed policy easing. However, overbought conditions and profit-taking risks may limit further growth.
The USD is at 7-week lows due to fears of stagflation and deteriorating employment data. The probability of a rate cut on September 17 is 89.4% (25 bps), with a chance of 50 bps. Markets are expecting more than two cuts in 2024.
Risks for gold: “Sell the fact”: If the NFP revision turns out to be weak (as expected), investors may start to take profits.
Technically, gold remains bullish, but a near-term correction is likely due to technical factors and a possible reaction to the data. The long-term trend remains bullish thanks to a weak USD and the Fed's dovish policy.
Resistance levels: 3657, 3675, 3700
Support levels: 3636, 3628, 3620
Gold is consolidating. At the moment, the fundamental background is stable, and no news is expected today except for those that are impossible to predict (comments, rumors, etc.). Before further growth, gold may test the support area and the liquidity hidden behind it.
Best regards, R. Linda!
GOLD → Strong bullish trend. What are the targets?FX:XAUUSD continues to rally on positive fundamentals that emerged at the end of last week. The market is pricing in an almost 100% cut in interest rates, which is weakening the dollar and supporting the metal...
Gold is holding close to its record high of $3,600 after extremely weak US employment data for August. This has reinforced expectations of a 25 bp Fed rate cut this month.
This week, attention is focused on the release of US inflation data (CPI and PPI). Inflation data in the US will confirm or adjust expectations for Fed policy easing. If inflation remains high, this could delay aggressive rate cuts and cause a correction in gold. For now, the bullish trend continues.
Resistance levels: 3615, 3634, 3650
Support levels: 3600, 3578
Technically, a strong bullish trend. Growth may continue after price consolidation above 3614-3615 or after a slight correction to support at 3600 relative to the current local rally.
Best regards, R. Linda!
SOLUSDT → Consolidation before the rally. New high?BINANCE:SOLUSDT continues to form a bullish trend without reacting to market noise. The price is consolidating before a possible rise. Focus on the trigger...
Bitcoin previously overcame correction resistance and is consolidating in an intermediate zone in anticipation of a bullish driver, which could generally strengthen positive sentiment in strong altcoins. Against this backdrop, the market may form growth...
SOL is consolidating in a symmetrical triangle pattern within an uptrend. Buyers are gaining momentum, and a breakout of the consolidation resistance could trigger continued growth with a subsequent update of the maximum.
Resistance levels: 208.5, 212.25, 218.0
Support levels: 201.7, 197.4
Before the breakout and growth, a retest of the 205.0 - 201.7 zone may form, however, a breakout beyond the symmetrical triangle may trigger a spread. Growth targets may be 220, 245.
Best regards, R. Linda!
ENAUSDT → Attempting a trend change. Focus on 0.700BINANCE:ENAUSDT is forming an attempt to change the trend. The price breaks the descending resistance and forms a new trading range. The focus on the 0.7 support and the bulls' reaction...
Bitcoin looks quite positive after breaking the downside resistance, but there is a strong 112K zone ahead and news on Thursday / Friday. If the general backdrop maintains its bullishness, BTC's rise will support strong altcoins and the market could turn green, including the coin discussed in this publication...
ENAUSDT breaks through the downtrend resistance. Price is consolidating above the boundary and forming a trading range. The focus is on the 0.7 - 0.683 area. If the bulls keep the price above this area, it will confirm the fact of trend change, which could trigger a rally to 0.7745 - 0.853
Support levels: 0.7, 0.683, 0.668
Resistance levels: 0.736, 0.7745
Technically, there is a possible struggle between market participants for the area 0.7 - 0.668. In this case, I will not consider the return to the channel as a false breakout of the trend, as a strong upward impulse was formed earlier, which generally broke the local market structure. However, based on the technical situation, I will consider entering the position after clear signs of price holding above the key support zone.
Regards R. Linda!
HYPEUSDT → Upward consolidation. One step away from a rally BINANCE:HYPEUSDT.P continues to consolidate while maintaining an ascending triangle structure. Any bullish driver, even a weak one, could trigger a breakout of resistance and distribution with an ATH update...
Against the backdrop of weak Bitcoin and falling altcoins, HYPE looks positive. The market is holding an upward support line and a bullish trend, and the update of the local maximum as a manifestation of bullish strength is a positive sign. The price is changing the local market structure to bullish and is ready to continue growing after a correction. Focus on the 46.15 and 45.5 - 45.08 areas. A false breakdown and closing above the level will confirm the readiness to continue growing.
Resistance levels: 47.78, 49.54
Support levels: 46.15, 45.08, 44.45
As part of the correction, the price may test the specified areas of liquidity and interest, which may provoke a change in the market imbalance in favor of buyers. If, after a false breakdown of key areas, the bulls keep the price above, then in the short and medium term, we can expect continued growth.
Sincerely, R. Linda!
BITCOIN → Sale on positive news? What to expect? 100K or 130K?BINANCE:BTCUSDT.P unsuccessfully ended another attempt to break through the 112K-113K zone. The positive background (NFP) did not affect the price, and a bearish setup formed on D1...
D1 is forming a pin-bar relative to the strong resistance zone of 112K - 113K, positive news is quickly sold off, and the price, rebounding from the resistance of the trading range, closes near the bearish trigger of 110500. Bitcoin looks quite uncertain as it faces selling pressure in the 112K-113K zone. The price cannot consolidate above this area despite the previously broken correction resistance. There is logic in this maneuver... The market is betting on a more than 90% chance of interest rate cuts, and by that point, the price of Bitcoin may fall to the maximum permissible limits before further growth. Areas of interest may be 107K - 105K - 100K
Resistance levels: 111.9K, 113.3K, 117K
Support levels: 110.5K, 107.4K, 105.0K
A breakdown of the 110.5K support could trigger further sell-offs towards the support of the key trading range. Within the current downward cycle, the price may well test 105,000, which is a fairly strong liquidity zone. The fundamental background is positive, and the current sell-off may be manipulative movement before the emergence of a bullish driver...
Best regards, R. Linda!
SOLUSDT → Stronger than the market. Correction before growthBINANCE:SOLUSDT updated its maximum to 218 and entered another phase of correction for consolidation. The altcoin looks quite strong against the backdrop of the rest of the cryptocurrency market...
Bitcoin continues its aggressive decline after yesterday's trap (false breakout of the trend line). Despite relatively positive fundamental and technical developments, the cryptocurrency market is in the red. Against this backdrop, SOL stands out as a strong altcoin compared to Bitcoin, which has been falling for two weeks. SOL updated its maximum and entered a correction phase. Within the current structure, the price may test the liquidity zone of 202.5 - 195.3 before continuing to grow to 220 - 240.
The reaction to false breakouts of local highs is weak, there is no reversal, and the nature of the current structure is “consolidation.” If the bulls keep the price above 200 during the correction, the further outlook will be positive.
Resistance levels: 216.5, 220, 244
Support levels: 202.5, 198.0, 195.3
Focus on the current correction. We need to wait for a slowdown and the end of the structure. Focus on the specified support zones, from which the market may resume bullish trading, which in turn may lead to a breakout of intermediate resistance and growth to the specified targets.
Best regards, R. Linda!
GOLD → ATH retest before NFP. High risk level...FX:XAUUSD remains in a bullish trend, but short-term dynamics depend on NFP. A break above $3578 will open the way to new highs, but profit-taking at record levels could increase volatility.
Gold remains strong ahead of US NFP data, which may confirm the Fed's policy easing. Weak data (forecast: +75K new jobs) will reinforce expectations of a rate cut and support gold. However, the risk of a correction is quite high, and any nuances could trigger liquidation. Weak employment data, namely rising unemployment and low ADP figures, are strengthening bets on a Fed rate cut, which overall only increases interest in the metal.
Resistance levels: 3564.5, 3578.5
Support levels: 3545.9, 3526, 3508
NFP data will determine the short-term trend. A weak report will lead to growth to $3600+, while a strong report will lead to a correction to 3450-3400. Technically, I expect a correction after the local bullish structure breaks down. It is not worth trading on the news; it is better to wait 20-40 minutes after the release to make decisions based on fundamental data.
Best regards, R. Linda!
EURGBP → The battle for zone 0.867. What are the prospects?FX:EURGBP is attempting to remain above 1/2 of the key trading range as part of a retest after breaking through strong resistance. The local trend is bullish, and the price has a chance to reach 0.8743.
EUR is consolidating in a wedge pattern, with the price moving away from support and attacking resistance. Against the backdrop of the expected Fed rate cut, EUR may break through the line and begin an active phase of growth, which will support EURGBP. The currency pair's price has moved beyond the lower half of the trading range and is attempting to consolidate above the bullish interest zone. If the bulls hold their defense above 0.866-0.867, the price will have a chance to test the poi
Support levels: 0.867, 0.865, 0.8635
Resistance levels: 0.871, 0.874
Against the backdrop of the news, the price may test the order block in the 0.865 zone. A false breakdown and consolidation of the price above 0.867 will confirm the bulls' intentions, allowing the price to move towards the specified target.
Best regards, R. Linda!
GOLD → The uncertainty factor before the news. Down / up?FX:XAUUSD after updating another high to 3578 went into the phase of profit taking before two busy news days. The trend is aggressively bullish, but the risks of correction are quite high due to the uncertainty factor....
The price pulled back from record highs amid profit taking and reduced panic in the bond market. The dollar stabilized, but remains under pressure due to expectations of Fed rate cuts this year. The key event will be the publication of US employment data (NFP) on Friday.
A correction after a sharp rise is a natural reaction, but the expectation of Fed policy easing is supporting the metal's price.
Geopolitics: Trade risks (Trump's tariffs) mitigate gold's fall.
Gold's correction so far looks like a pause before further movement. The main driver is NFP data, which will determine Fed rate sentiment and USD direction. But, today all eyes are on ADP Nonfarm, Initial jobless claims, and ISM data. Unexpected data may intensify the sell-off....
Resistance levels: 3546, 3559, 3563
Support levels: 3526, 3508
It is difficult to determine the news reaction in advance, we will have to orient ourselves after the fact. Technically, I expect a deeper correction for a healthy market. I expect a retest of the 3560 zone and further decline to local liquidity zones.
Regards R. Linda!
GOLD → Consolidation in the ATH zone. Risk zone...FX:XAUUSD hit a new all-time high of around $3,550 as investors worldwide rushed to safe-haven assets. As prices rise, the risk of profit-taking increases, especially with news coming up...
The key driver is the crisis in the bond market: long-term government bond yields are rising sharply in the UK and Japan. This is boosting demand for gold as a safe haven. We should also not forget about expectations of Fed easing: weak employment data could increase bets on a rate cut in September.
However, strong US employment data (starting with JOLTS today) could support the USD and limit gold's growth.
Correction: Record levels could trigger profit-taking, especially given that the price has come a long way since the last pullback, rising nearly 6% (7 days of growth).
Key factor: US labor market data (JOLTS today, NFP on Friday). Weak figures will strengthen gold, strong ones may cause a correction.
Resistance levels: 3546, 3550, 3575
Support levels: 3526, 3508, 3500
Technically, a retest of resistance at 3342-2246 could lead to a breakout and further growth. However, since the price has stopped updating its highs locally, I do not rule out the possibility of a retest of support at 3529-3526 before further growth. However, a weak reaction to support could lead to the formation of a pre-breakdown base, and a breakdown of support could trigger a decline to 3500.
Best regards, R. Linda!